transam... I've made some crucial mistakes in playing this stock, one's that to me are cardinal sins and never to be broken, yet with this one I did and I'm paying the price now. My one and only mistake was that I read the PR's, performed DD and believed in what the company was saying. Now with all that said, I'm not saying that what the company has told us isn't true, or that its a scam, the jurry's still out IMO. What I am saying is that in Penney Land your financial interests are best served by playing the technicals and nothing else. Learning to read the charts for your entry and exits, being satisfied with 30% here, 20% there, will make you far more money in the long run than holding through it all and hoping you'll get the Grand Slam.
I'm certain there are some that will argue this point, so be it, its expected. But the truth of the matter is that 90% of these penney play companies are full of crap, as is the information they put out in a PR. Its nearly impossible to do any substantial Due Dilligence, as they have no requirement to report anything. They move on hype, momentum and PR's, its really just that simple.
Now, many won't like what I've said, but my point is that if you simply play by the charts, this would be a very attractive time to enter this stock. The longer term charts are starting to shape up nicely, though the short term views aren't quite as attractive. But at this point, the upside far outweighs the downside. For very little money you can grab a large number of shares and ride them short term for a quick profit. Take advantage of the ups and downs that this is sure to see and if they release a PR then you'll make out very well. Watch it for an actual trend reversal, which isn't yet confirmed, but could come from another day of buying pressure. The good things about this are that the OS is very low for any pink with a pps at this level, its riding consistently at 276Mill with no signs of dillution from the company. Another solid plus is that the TA remains open to investors and not gagged, which would also indicate that the company is not dilluting. And finally, from what we've seen in the past and further evidenced by yesterday's run to .0022, the float must be paper thin. We move on very little volume, as yesterday's surge was caused by a single investor who bought just over 1mill shares. That initial momentum encouraged others who have been waiting for signs of life to take a position, scam or not, hoping to ride the rebound thats bound to come. The right news, or shoot at this point ANY news, could send this thing flying. Just play it cautiously and take your profits during any run. Play this smart and you stand to make a substantial profit.